Steelers Chairman Dan Rooney, the eldest of the brothers, wants to consolidate his control through a 10-year plan to buy out most of their shares, but a well-funded prospective buyer has emerged after some of Mr. Rooney’s brothers and their children raised questions about his offer.

Stanley Druckenmiller, billionaire chairman of Pittsburgh’s Duquesne Capital Management, has expressed interest in acquiring the Steelers, people briefed on the negotiations said.

This isn’t something I ever thought I’d see. Hopefully it’ll work out for the best.